Answer:
Annual consumer spending for the Wong family is = $58.000
Explanation:
Disposable income $70,000
Marginal propensity to consume 0.8
Autonomous consumption spending $10,000.
If the disposable income (the money needed to survive) is $10.000 then the $60.000 left to complete $70.000 will be consumed at a rate of 80% or 0.8 cents per each dollar received. Therefore,
Annual consumer spending = $10.000 + ($60.000*0.8)
Annual consumer spending = $10.000 + $48.000
Annual consumer spending = $58.000
Answer:
Explanation:
White-Collar is a term that refers to employees that wear suit and tie, and usually work from a desk job, while excluding physical labor. These desk jobs are everywhere in a postindustrial society which focuses on the use of technology and providing goods and services to the consumers, usually through online routes. While industrial societies focus on hard labor and mass production of goods and services through manufacturing assembly lines.
Answer:
a. True
Explanation:
Religion can be defined as a collection of ritu-als and shared beliefs that are typically inclined or hin-ged on a sacred realm.
There are different types of religion practiced across the world and these includes; Islam, Christianity, Buddhism, Hinduism, etc.
Dominant religions in certain parts of the world have an effect on entrepreneurship as well as religious ethics pertaining to the cost of doing business.
This ultimately implies that, emphasis on ethics and values taught by these dominant religions usually have an effect on the followers, as they express it in the various areas of their lives such as in business (entrepreneurship).
It follows that total budget deficit is $900 billion since the total budget deficit is the sum of the structural deficit and the cyclical deficit. A cyclical deficit exists because of the business cycle while there is a structural deficit when the government’s spending is more than it receives in taxes, regardless of the economic performance. Their total would be the budget deficit.
